# US-Israel Strikes on Iran, Oil and Commodities Surge

An episode of [Bloomberg Daybreak: Asia Edition](https://invisiblenetwork.ai/podcast/1663863437), 2 Mar 2026, 21 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/58e85be7-dbb5-4043-afed-af80014dc0b3/fc5edff7-2038-4241-8f9d-b4010036cb37/audio.mp3?utm_source=Podcast&in_playlist=27143354-63aa-4ac5-965d-af80014dc0d3

Business and finance news from the Asia-Pacific. Oil surged by the most in four years, before paring some gains as traders assessed the effective closure of the Strait of Hormuz triggered by the US-Israeli war against Iran. For more on the markets, we turn to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. Plus - President Donald Trump said the bombing campaign against Iran will continue until its objectives are achieved, calling on the nation's leaders to capitulate as a report indicated at least one top official in Tehran sought to resume nuclear talks with the US. The actions in Iran have drawn criticism from members of Congress. We heard from Madeleine Dean, Democratic Congresswoman from Pennsylvania. She spoke to Bloomberg's Joe Mathieu and Kailey Leinz on Balance of Power. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Welcome to the Daybreak
[0:12] Speaker 1: Asia podcast. I'm Doug Chrisner. Markets are de risking in
[0:16] Speaker 1: reaction to the US Israeli military operations against the Islamic Republic.
[0:21] Speaker 1: Crude oil is rallying, although we are off session highs,
[0:25] Speaker 1: and if you look at US Equity index futures, we
[0:27] Speaker 1: are lower across the board. Precious metals are moving higher.
[0:31] Speaker 1: And for a closer look at some of this price action,
[0:33] Speaker 1: I'm joined by Bloomberg's Paul Dobson. Paul is executive editor
[0:37] Speaker 1: for Asia Markets. He joins from our studios in Singapore.
[0:40] Speaker 1: Thank you for being here. So the d risking is
[0:43] Speaker 1: not a surprise. These moves, I think seem fairly predictable.
[0:47] Speaker 1: Would you agree that there's nothing to indicate a sense
[0:50] Speaker 1: of broad panic so far?
[0:52] Speaker 2: The reaction is pretty textboocause you say, Doug, we do
[0:55] Speaker 2: have sock index futures lower, but only by about one percent,
[0:59] Speaker 2: so not screaming panic just yet. We had a pretty
[1:03] Speaker 2: large jump in crude oil at the open, as much
[1:05] Speaker 2: as thirteen percent. Again that moderated somewhat, and as you'd expect,
[1:10] Speaker 2: we're having a gains in bonds haven currencies faring well,
[1:15] Speaker 2: Gold also performing strongly, but not gigantic moves, And I
[1:19] Speaker 2: think you know, the market really needs to assess and
[1:23] Speaker 2: determine how sustained this conflict is going to be, how
[1:26] Speaker 2: long it's going to last, and particularly what happens to
[1:30] Speaker 2: the choke point on the Strait of hor Moos, and
[1:32] Speaker 2: whether ships will be able to navigate that channel or
[1:35] Speaker 2: whether they will all get stuck in a very big
[1:37] Speaker 2: queue and then the products can't get out of there,
[1:40] Speaker 2: which short term isn't an issue, longer term could become
[1:43] Speaker 2: much more challenging for the global economy.
[1:45] Speaker 1: So we know that China is a big buyer of
[1:47] Speaker 1: Iranian crude. There are obviously sanctions on that oil. China
[1:52] Speaker 1: seems to ignore that fact. We've got a meeting between
[1:56] Speaker 1: President chi Jinping and President Trump in about a month
[1:58] Speaker 1: from now. I know we're getting into the political realm here,
[2:02] Speaker 1: but can you give me a sense of what may
[2:04] Speaker 1: happen in that meeting. As a result of what we've
[2:07] Speaker 1: seen over the weekend, you.
[2:10] Speaker 2: Do certainly have a feeling that China is not policed
[2:12] Speaker 2: at all by the latest events. They put out an
[2:14] Speaker 2: official statement that was condemning it saying, you know, it
[2:17] Speaker 2: breached international law, which we have heard from other places
[2:21] Speaker 2: as well, and so it does make it more challenging
[2:25] Speaker 2: that another one of China's allies, you know, Maduro as well,
[2:28] Speaker 2: was more China friendly, has fallen and I guess that
[2:32] Speaker 2: that probably makes China feel pretty uncomfortable. Now if it
[2:35] Speaker 2: can't get hold of oil or replacements for the Uranian oil,
[2:38] Speaker 2: then that would be a whole lot worse for China
[2:40] Speaker 2: and for the economy and put a lot more pressure
[2:42] Speaker 2: on them. So it does raise the stakes about you know,
[2:46] Speaker 2: whether this meeting will proceed in the end, but certainly
[2:49] Speaker 2: you know what will be said there as a result,
[2:52] Speaker 2: and I think that you know, that sense of encirclement
[2:56] Speaker 2: will probably breed to, you know, some kind of sense
[2:59] Speaker 2: of persecution from the Chinese side of things. And China knows,
[3:04] Speaker 2: you know, they have the tools to sort of threaten
[3:07] Speaker 2: the US as well, having seen how successful they were
[3:10] Speaker 2: with the Rare Earth's measures before. But neither side really
[3:14] Speaker 2: wants to get back into that situation again of tit
[3:17] Speaker 2: for tat escalations. So it will be interesting to see
[3:21] Speaker 2: how the geopolitics plays into that sort of trade dynamic
[3:24] Speaker 2: in the coming month.
[3:25] Speaker 1: We kind of had a shaky day in the US
[3:27] Speaker 1: last Friday, some weakness and Nvidia I think the stock
[3:30] Speaker 1: was down a little more than four percent. I know
[3:32] Speaker 1: that South Korea is on holiday today. So if you
[3:36] Speaker 1: try to understand what's going on in the technology space,
[3:39] Speaker 1: do we need to look to Japan and get a
[3:42] Speaker 1: sense of what's happening.
[3:43] Speaker 2: It'll be hard to do that today, just because of
[3:46] Speaker 2: the geopolitical risk that's also foggying things, And also on Friday,
[3:51] Speaker 2: a lot of the moves, at least in Asia seem
[3:53] Speaker 2: to be kind of end of the month, people rebalancing
[3:56] Speaker 2: their portfolios, looking to take some profits those kinds of
[3:59] Speaker 2: things as well. To discertain or to separate that from
[4:02] Speaker 2: everything else that's going on might be a little bit hard.
[4:05] Speaker 2: We might need to wait a little bit longer into
[4:07] Speaker 2: the week to get a clearer read. But you're right
[4:10] Speaker 2: that there were a couple of things that were troubling
[4:12] Speaker 2: in the US market performance on Friday, not just then
[4:15] Speaker 2: the video thing, but also what was going on with
[4:17] Speaker 2: the financial stocks, with all of the banks under a
[4:20] Speaker 2: good deal of pressure, partly because of their own concerns
[4:24] Speaker 2: about what a I can do in terms of disruption
[4:27] Speaker 2: in the financial space, and also because more and more
[4:31] Speaker 2: of those kind of credit cockroaches seem to be emerging
[4:35] Speaker 2: and putting a little bit more worry about what exactly
[4:37] Speaker 2: is going on in the lending markets.
[4:40] Speaker 1: We have the employment report at the end of the
[4:41] Speaker 1: week here in the US. Obviously that's going to be
[4:44] Speaker 1: critical in terms of the bond market. But if you
[4:47] Speaker 1: look at the price action in yield terms treasuries, the
[4:50] Speaker 1: tenure broke below four percent last Friday. To the point
[4:54] Speaker 1: that you just made about the concern over what may
[4:56] Speaker 1: be happening in private credit. But if this, I'm wondering,
[5:00] Speaker 1: if the job's number comes in on the soft side,
[5:02] Speaker 1: whether we see further retreat in US treasury yields.
[5:07] Speaker 2: It's certainly possible, isn't it. That's what people are worried about.
[5:10] Speaker 2: I think more a lobal number than a decent number.
[5:14] Speaker 2: The two ye yield is already the lowest I think
[5:16] Speaker 2: since twenty twenty two as well, so people continuing to
[5:19] Speaker 2: bet on the Fed being able to cut interest rates
[5:22] Speaker 2: at some point, and a weaker labor number would certainly
[5:26] Speaker 2: open the door to that a little bit more. I
[5:29] Speaker 2: think it's the US economic data as a whole is
[5:33] Speaker 2: quite hard to read at the moment. There's been, you know,
[5:35] Speaker 2: a good deal of more favorable numbers pointing into the
[5:38] Speaker 2: idea that the consumer is still holding up relatively robustly,
[5:43] Speaker 2: and the most recent jobs numbers that we've had have
[5:45] Speaker 2: been a little bit more encouraging that that sort of
[5:48] Speaker 2: soft patch is over. But I was reading I think
[5:51] Speaker 2: you can read it a different way, and you can
[5:53] Speaker 2: reel off a whole number of stats that have come
[5:55] Speaker 2: in weaker than expected as well. So exactly what's going
[5:58] Speaker 2: on with the economy is a little bit difficult to
[6:01] Speaker 2: tease out right now, and there is still that tension
[6:03] Speaker 2: between inflation and the jobs numbers and that kind of
[6:07] Speaker 2: just overall confidence. So I feel like almost if equities
[6:11] Speaker 2: do start to turn over because of other doubts, that
[6:14] Speaker 2: may be another factor that actually creates a little bit
[6:17] Speaker 2: more of a doubt in the mind of people watching
[6:21] Speaker 2: the economy and maybe helps the Fed policymakers to see
[6:25] Speaker 2: apart forward two breat cuts later in the year.
[6:27] Speaker 1: So we have a couple of events this week in China.
[6:30] Speaker 1: One is fairly major, that being the National People's Congress,
[6:34] Speaker 1: which gets underway on Thursday. We also on Wednesday will
[6:37] Speaker 1: have the official PMI numbers. Give me your sense of
[6:41] Speaker 1: what we may learn this week, both from the data
[6:44] Speaker 1: and from this NPC.
[6:47] Speaker 2: Honestly, Doug, I wouldn't get too excited about it all,
[6:53] Speaker 2: just because so I think in the NPC we'll get
[6:55] Speaker 2: the growth target. Everybody's expecting that it'll be somewhere between
[6:58] Speaker 2: four and a half percent of percent, so China accepting
[7:02] Speaker 2: the idea that growth is going to be relatively slow
[7:04] Speaker 2: as it has been in recent years. We will probably
[7:07] Speaker 2: get more lip surface to China boost the consumer, which
[7:11] Speaker 2: we've seen before and haven't effort really had anything that's
[7:13] Speaker 2: been a game changer there. Will probably get more references
[7:18] Speaker 2: to the property market without any real sense that there's
[7:21] Speaker 2: going to be a turnaround there either. We'll probably get
[7:24] Speaker 2: some more on encouraging the newer technology industries new engines
[7:29] Speaker 2: of growth, which is really where China is putting its
[7:32] Speaker 2: energies and efforts. You know, the market is already pretty
[7:35] Speaker 2: keenly priced for that, but some of those AI stocks
[7:39] Speaker 2: or robotic stocks or new technologies new productive forces may
[7:44] Speaker 2: continue to get a booster as a result of it,
[7:47] Speaker 2: and we may hear some more about the internationalization of
[7:49] Speaker 2: the UN too, but I think that probably, you know,
[7:51] Speaker 2: the market has heard a lot of these messages before,
[7:54] Speaker 2: and while there may be a little bit more of
[7:56] Speaker 2: a push in some directions, perhaps a little bit more
[7:58] Speaker 2: on the welfare state, which should be positive of all
[8:01] Speaker 2: of those things that are already in place. You know,
[8:03] Speaker 2: the stock market slowly going higher, but the bond market
[8:05] Speaker 2: struggling with the deflationary concerns. It seems like unlikely that
[8:09] Speaker 2: we will get a game changer in this meeting.
[8:13] Speaker 1: Over the weekend, we had the trade data for South Korea. Boy,
[8:16] Speaker 1: that export figure was pretty stupendous. I mean, a twenty
[8:19] Speaker 1: nine percent increase in the month of February. I think
[8:22] Speaker 1: the street was looking for something around twenty five percent.
[8:25] Speaker 1: Give me a sense of what's happening in South Korea
[8:28] Speaker 1: and how the Bank of Koream may view this.
[8:31] Speaker 2: Yeah, it's a holiday in South Korea today, so as
[8:34] Speaker 2: you were saying, so we won't get any big read today.
[8:37] Speaker 2: But it's about you know, that huge demand for the
[8:42] Speaker 2: memory chips that Samsung and sk Heinez are producing above
[8:46] Speaker 2: all else. This guiding those exports and really helping that
[8:50] Speaker 2: humongous performance that we've seen in the Korean stock index
[8:54] Speaker 2: so far this year, gains of more than forty percent
[8:58] Speaker 2: already and building on what we saw in the year
[9:00] Speaker 2: before as well, those two companies making up and increasing
[9:04] Speaker 2: share of that of the gains in the Asia Pacific
[9:06] Speaker 2: Index or the Emerging Market Index as they become bigger
[9:08] Speaker 2: constituents as well. And you know, it sort of tilts
[9:15] Speaker 2: a little bit to a kind of uneven looking economy
[9:17] Speaker 2: in some ways, I think a lot like we're seeing
[9:19] Speaker 2: in other parts of the world as well, where you
[9:21] Speaker 2: really have a bit of a boom going on and
[9:23] Speaker 2: the export's performing extremely robustly, but maybe not filtering into
[9:27] Speaker 2: all parts of the economy in an even manner.
[9:29] Speaker 1: So we were talking about geopolitical issues visa VI the US, Israel,
[9:34] Speaker 1: and Iran, and I'm wondering whether it's a surprise to
[9:38] Speaker 1: you that we're not seeing more strength in the Japanese yen.
[9:41] Speaker 1: It's a day of dollar strength and a little bit
[9:43] Speaker 1: of weakness in the end. Does it surprise you Normally
[9:47] Speaker 1: we see kind of a have in trade involving the end,
[9:49] Speaker 1: but doesn't seem to be playing out that way today.
[9:51] Speaker 2: It's true, it's not performing as strongly as the dollar.
[9:54] Speaker 2: So I think that you need to map a little
[9:56] Speaker 2: bit impact of higher oil prices across the Asia Pacific regions.
[10:01] Speaker 2: So those countries that are very dependent on imports well
[10:04] Speaker 2: of not just oil but also of natural gas, and
[10:07] Speaker 2: Japan is definitely one of them. India would be another
[10:11] Speaker 2: gonna I'm gonna have a little bit of a setback
[10:14] Speaker 2: relative to those that are producers. So think about Malaysia,
[10:17] Speaker 2: for example, as being on the on the other side
[10:20] Speaker 2: of that equation, Australia as well from a gas perspective,
[10:25] Speaker 2: and that may have an impact on the economy, and
[10:27] Speaker 2: it may have an impact therefore on exactly what people
[10:30] Speaker 2: are pricing in as far as the exchange rate is concerned.
[10:33] Speaker 2: So because Japan has to has to import so much
[10:36] Speaker 2: oil and gas, a much higher oil price is not
[10:40] Speaker 2: going to do it any favors.
[10:41] Speaker 1: Okay, Paul will leave it there. It's always a pleasure.
[10:43] Speaker 1: Thanks so much, Bloomberg's Paul Dobson. He is Executive editor
[10:47] Speaker 1: for Asia Markets, joining from Singapore here on the Daybreak
[10:50] Speaker 1: Asia podcast. Welcome back to the Daybreak Asia Podcast. I'm
[11:00] Speaker 1: Doug Prisner. Let's take a closer look at the US
[11:02] Speaker 1: Israeli military operations in Iran. Earlier, President Trump said bombing
[11:07] Speaker 1: in Iran will continue until his objectives have been achieved. Now,
[11:12] Speaker 1: the actions have drawn criticism from members of Congress, and
[11:15] Speaker 1: that's where we begin our conversation with Madeline Dean. She
[11:19] Speaker 1: is a Democratic congresswoman from Pennsylvania and she's a member
[11:23] Speaker 1: of the House Foreign Affairs Committee. Mandalin. Dean spoke earlier
[11:26] Speaker 1: to Bloomberg TV host Joe Matthew and Kaylee lyines, you.
[11:30] Speaker 3: Put out a statement yesterday calling this action when done
[11:32] Speaker 3: without the constitutionally mandated consultation of Congress. I would imagine
[11:37] Speaker 3: that means you would be supportive of a war powers vote.
[11:40] Speaker 3: My question to you, though, is knowing that President Trump
[11:42] Speaker 3: just this afternoon said that it is expected or likely
[11:46] Speaker 3: that more American lives could be lost, that we could
[11:48] Speaker 3: see additional casualties in this, would a war powers vote
[11:52] Speaker 3: put any limitations on our ability to be flexible to
[11:55] Speaker 3: conduct these operations in order to protect American troops who
[11:59] Speaker 3: are in theater.
[12:01] Speaker 4: Thank you both for having me on in this very
[12:03] Speaker 4: serious weekend set of events.
[12:06] Speaker 5: And it's funny you and I are on the exact
[12:07] Speaker 5: same spot just coming across my feed.
[12:10] Speaker 4: It says, this is a CBS post.
[12:13] Speaker 5: Trump predicts more US casualties as Iran operations will quote
[12:17] Speaker 5: continue until all of our objectives are achieved. There's a
[12:21] Speaker 5: big problem with that statement. We have not been told
[12:25] Speaker 5: the president's objectives. The American people were not briefed on
[12:29] Speaker 5: the president's objectives. Congress was not briefed, even though he
[12:34] Speaker 5: was four days before in front of the American people
[12:37] Speaker 5: and a Joint Session of Congress at the State of
[12:40] Speaker 5: the Union address, where he had I believe the obligation
[12:44] Speaker 5: the duty to.
[12:45] Speaker 4: Make the case to US Congress.
[12:48] Speaker 5: We are the one who could declare war under Article one,
[12:51] Speaker 5: Section eight, and he and his advisors know that and
[12:56] Speaker 5: also make the case to the American people. After all,
[13:00] Speaker 5: they are the president has demanded and has made American
[13:06] Speaker 5: lives at risk. We've already seen some American casualties with
[13:10] Speaker 5: forty fifty thousand military men and women in this theater.
[13:15] Speaker 5: The President had an obligation not to go to a
[13:18] Speaker 5: war of choice, but to come to Congress.
[13:22] Speaker 4: Under the Constitution, but much.
[13:24] Speaker 5: More importantly, to go to the American people to make
[13:26] Speaker 5: the case before we spend resources and spend our blood
[13:31] Speaker 5: and treasure.
[13:33] Speaker 6: Congresswoman, before you joined us, we spent some time with
[13:35] Speaker 6: darryl Isa Your, a Republican colleague from California, who is
[13:38] Speaker 6: not on board, as you might suspect with a War
[13:42] Speaker 6: Powers resolution and in fact said this doesn't even apply.
[13:45] Speaker 6: He said this is not a new war, it's been
[13:47] Speaker 6: going on for fifty years, and that a War Powers
[13:50] Speaker 6: Act has never been tested constitutionally. I'm wondering how many
[13:55] Speaker 6: folks he speaks for in the Republican conference and what
[13:58] Speaker 6: that means for the debate that you're about to begin.
[14:01] Speaker 4: With due respect, I think that is nonsense.
[14:04] Speaker 5: We have not been at war for forty seven years,
[14:07] Speaker 5: since this murderous regime has been in place.
[14:12] Speaker 4: He knows that. He knows better why.
[14:14] Speaker 5: You would cover up for a president and abdicate your
[14:17] Speaker 5: constitutional role.
[14:19] Speaker 4: Congress.
[14:20] Speaker 5: After all, we're elected every two years because we are
[14:23] Speaker 5: closest to the people. It is required, and the founder
[14:27] Speaker 5: said that it is required that the president come to
[14:31] Speaker 5: us and to the American people to declare war.
[14:34] Speaker 4: So I think I will be in favor.
[14:36] Speaker 5: Of a War Powers resolution to curb this president's open ended,
[14:41] Speaker 5: open missioned attack on Iran. And please understand, nobody is
[14:49] Speaker 5: shedding a tier for ayatolat hommony. Nobody is shedding a
[14:53] Speaker 5: tier to an end to some part of the madness
[14:57] Speaker 5: and the state sponsored terror in the region. We're just
[15:01] Speaker 5: now trying to keep together the fragile peace plan. After all,
[15:04] Speaker 5: the sponsorship of Hamas in Gaza in the West Bank,
[15:08] Speaker 5: and so I'm not confused about that. But this is
[15:13] Speaker 5: an act of war. You go in, you use our
[15:15] Speaker 5: military with a joint operation with Israel. You don't defy
[15:20] Speaker 5: the mission. Is it about ballistic missiles? Is it about
[15:22] Speaker 5: the nuclear program? Is it about regime change? This was
[15:26] Speaker 5: a war of choice, and it is so incendiary, so dangerous.
[15:31] Speaker 5: I worry about our military members. I worry about civilians.
[15:36] Speaker 5: We've already seen loss of life in Israel.
[15:38] Speaker 4: I was just in.
[15:39] Speaker 5: Israel two weeks ago, in Jerusalem and in places right there.
[15:44] Speaker 5: This is an extremely dangerous move by the President and
[15:48] Speaker 5: his acolytes, and Congress needed to be briefed.
[15:52] Speaker 4: I think maybe you've seen.
[15:54] Speaker 5: We're going to get a joint classified briefing Tuesday. A
[15:57] Speaker 5: little late, but we'll take it. But the founders knew
[16:01] Speaker 5: what they were doing when they said the power to
[16:03] Speaker 5: declare war should not be in one man.
[16:08] Speaker 7: Well, when we consider Aron and the one man, well,
[16:12] Speaker 7: many men who've been taken out. But the supreme leader,
[16:14] Speaker 7: of course, is taken out. Who was the head of
[16:16] Speaker 7: what you described as a murderous regime. So as you
[16:18] Speaker 7: talk about how dangerous this moment is now, is the
[16:21] Speaker 7: world not safer because he is dead?
[16:26] Speaker 4: Again? I don't worn taking out of the ATLA at all. Sure.
[16:30] Speaker 5: I don't know in balance that we are safer because
[16:34] Speaker 5: look at our troops in the theater. I think you
[16:37] Speaker 5: have maps on your own website showing where our military
[16:40] Speaker 5: personnel and equipment is.
[16:43] Speaker 4: They are all at risk. Are we safer? I don't
[16:46] Speaker 4: know that we are.
[16:48] Speaker 5: Something I really care about is our military personnel. I
[16:51] Speaker 5: think about how many from Pennsylvania, for example, from my
[16:54] Speaker 5: home state, are at risk of this. Again, the president
[16:59] Speaker 5: went to war or a preemptive war, a war of choice.
[17:03] Speaker 4: That's not how.
[17:03] Speaker 5: This works in a constitutional republic, in a democracy.
[17:08] Speaker 4: That is about our constitution.
[17:11] Speaker 5: You saw in a single week, this president, by the
[17:14] Speaker 5: Supreme Court de pensil excuse me, by the Supreme Court
[17:17] Speaker 5: of the United States, was found to be a violation
[17:20] Speaker 5: of Article one, section eight. In terms of tariffs, Congress
[17:25] Speaker 5: only Congress has the ability to lay tariffs taxes on
[17:29] Speaker 5: the American people. And then that very same week, Article
[17:33] Speaker 5: one section eight another clause. Only Congress has the power
[17:38] Speaker 5: to declare war again, because we are closest to the people,
[17:41] Speaker 5: and no power to declare war should be in a
[17:43] Speaker 5: single hand. Again, what I worry about is an escalation
[17:49] Speaker 5: of this fighting and an incendiary message around the region
[17:54] Speaker 5: and to our allies and friends in the region, not
[17:56] Speaker 5: to mention the economic impact which you are covering so
[17:59] Speaker 5: very very well with the interruption of oil. This president
[18:03] Speaker 5: was elected to reduce prices for everybody, to get things
[18:07] Speaker 5: under control, to bring peace.
[18:09] Speaker 4: What are we watching now?
[18:11] Speaker 6: How concerned are you about it spreading here? Congresswoman, Our
[18:14] Speaker 6: own homeland security is a question at the moment, with
[18:17] Speaker 6: our Department of Homeland Security closed, realizing that this is
[18:22] Speaker 6: not about ice agents now, how worried are you about
[18:25] Speaker 6: cells terror cells in this country, about lone wolf activity
[18:28] Speaker 6: in the days ahead?
[18:30] Speaker 5: That's the question, Joe. It is literally not making us safer.
[18:35] Speaker 5: I'm not talking about the closure of DHS. They certainly
[18:38] Speaker 5: have more funds than I would have ever wanted them
[18:40] Speaker 5: to have as a result of the big ugly bill,
[18:43] Speaker 5: big ugly law, I should say, but it is about
[18:48] Speaker 5: keeping us safe here. This will only set off more
[18:52] Speaker 5: and more strikes against us, and some of them could
[18:56] Speaker 5: come to the homeland.
[18:57] Speaker 4: This will set off more terror.
[19:00] Speaker 5: What I really regret, Joe is this might have been
[19:02] Speaker 5: something that had to happen at some point, but I
[19:05] Speaker 5: wish we.
[19:05] Speaker 4: Had been briefed on it.
[19:07] Speaker 5: And more than that, I wish we had had a
[19:09] Speaker 5: Secretary of State who pursued the diplomatic path. After all,
[19:14] Speaker 5: the President took us out of the JAYSCPOA and abandoned
[19:19] Speaker 5: a structure to be there and watching Iran's nuclear program,
[19:24] Speaker 5: and then abandoned the diplomatic talks that were taking place.
[19:27] Speaker 4: This should not be, mister Wickcoff.
[19:29] Speaker 5: This should not be these deputy assistants, non confirmed folks,
[19:34] Speaker 5: doing this negotiation when they have so many conflicts of
[19:37] Speaker 5: interest business interests within the Middle East. This should have
[19:40] Speaker 5: been the Secretary of State continuing deep, intensive diplomatic talks
[19:45] Speaker 5: for peace.
[19:46] Speaker 1: That was Madeline Dean, Democratic congresswoman from Pennsylvania, speaking with
[19:50] Speaker 1: Bloomberg TV host Joe Matthew and Kaylee Lynes bringing you
[19:54] Speaker 1: their conversation here on the Daybreak Asia Podcast. Thanks for
[20:01] Speaker 1: listening to today's episode of the Bloomberg Daybreak Asia Edition podcast.
[20:06] Speaker 1: Each weekday, we look at the story shaping markets, finance,
[20:09] Speaker 1: and geopolitics in the Asia Pacific. You can find us
[20:12] Speaker 1: on Apple, Spotify, the Bloomberg Podcast YouTube channel, or anywhere
[20:17] Speaker 1: else you listen. Join us again tomorrow for insight on
[20:20] Speaker 1: the market moves from Hong Kong to Singapore and Australia.
[20:24] Speaker 1: I'm Doug Prisner, and this is Bloomberg

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